Which of the following is not a characteristic of managerial accounting?
A)Information is used by internal parties.
B)Information is subjective,relevant,and future-oriented.
C)Reports are prepared as needed.
D)Information is reported for the company as a whole.

Question

Quizplus · Accepted Answer

Managerial accounting focuses on providing information to internal parties such as managers, so choice A is a characteristic. Choice B is also a characteristic because managerial accounting information needs to be relevant, subjective, and future-oriented to support decision-making. Choice C is a characteristic because managerial accounting reports are prepared as needed rather than on a fixed schedule. However, choice D is not a characteristic of managerial accounting because it focuses on reporting information for the company as a whole, whereas managerial accounting is concerned with providing information to support internal decision-making.

Which of the Following Is Not a Characteristic of Managerial